Viewpoints: Commodity prices and impairment (Mining)

Learn how commodity prices factor into impairment assessments and the calculations of possible impairments.

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In the mining industry, a decline in commodity prices is one of the numerous factors to be considered when assessing indicators of potential impairment and when performing an impairment test. To better understand how commodity prices influence impairment assessments, check out Viewpoints: Applying IFRS in the Mining Industry — Commodity Prices and Impairment.

Developed by Chartered Professional Accountants of Canada (CPA Canada) and the Prospectors and Developers Association of Canada, this document addresses topics such as:

  • evaluating commodity prices as an indicator of potential impairment
  • calculating the recoverable amount
  • disclosing impairment loss and related commodity price assumptions


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